he principal notification No. 69/2004-Customs, dated the 9th July, 2004, was published in the Gazette of India, Extraordinary, vide G.S.R.411(E), dated the 9th July, 2004 and was subsequently amended by notification No. 88/2004- Customs., dated 10-09-2004, No. 18/2005-Customs, dated 1-3-2005, No. 16/2006-Cus., dated 01-03-2006 and No. 1/2007-Customs, dated the 2nd January 2007 [G.S.R. No.2(E), dated the 2nd January 2007.
The principal notification No. 75/2005-Customs, dated the 22nd July, 2005, was published in the Gazette of India, Extraordinary, vide G.S.R.500(E), dated the 22nd July, 2005 and was subsequently amended by notifications No.38/2006- Customs dated the 28th April 2006 and No. 137/2006-Customs,dated the 30th December 2006 vide [G.S.R. No.798(E), dated the 30th December 2006.
Commencing with the MCR for the Month of February ’07 an additional report on the overseas investment by Mutual Funds in ADRs/GDRs, foreign securities and overseas Exchange Traded Funds (ETFs) shall also be provided as per the enclosed format.
This notification is applicable only to the recipients of income on behalf of the Institution and not to any other receipt or income of such recipients. Taxability or, otherwise of the income of the Institution would be separately considered as per the provisions of the Income-tax Act, 1961
the Institution will apply its income, or accumulate for application, wholly and exclusively to the objects for which it is established and in a case where more than fifteen per cent of its income is accumulated on or after 1st day of April, 2002, the period of the accumulation of the amount exceeding fifteen per cent of its income shall in no case exceed five years
In exercise of powers conferred by sub-section 1 of section 4 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), number 110/2003-CUSTOMS(N.T.), dated the 8th December, 2003 published in the Gazette of India, Extraordinary, Part II, section 3, sub-section (i) vide G.S.R. 934(E), dated the 8th December, 2003, namely.
In exercise of the powers conferred by sub-section (1) of section 156 read with provisions of Chapter XA of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby rescinds the Special Economic Zones Rules, 2003.
In exercise of the powers conferred by sub-section (1) of section 157, read with sub-section (2) of section 76C of the Customs Act, 1962 (52of 1962), the Board being satisfied that it is necessary in the public interest so to do, hereby rescinds the Special Economic Zones (Customs Procedures) Regulations.
In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government being satisfied that it is necessary in the public interest so to do, hereby directs that each of the notifications of the Government of India in the Ministry of Finance.
The principal rules were published in the Gazette of India vide notification No. 23/2004-Central Excise (N.T.), dated the 10th September, 2004, vide GSR 600 (E), dated the 10th September 2004, and were last amended vide notification No.31/2006-Central Excise (N.T.), dated the 30th December, 2006, vide GSR 781(E), dated the 30th December, 2006.
